The Competition Authority has decided to carry out a full investigation in relation to the proposed transaction whereby Glanbia Ingredients Ireland Limited would acquire the entire issued share capital of Wexford Creamery Limited from Wexford Milk Producers Limited.

Following a preliminary investigation, the Competition Authority was unable to conclude that the acquisition will not substantially lessen competition in markets for goods or services in the State without carrying out a full investigation. The companies have been informed of the decision that the Competition Authority intends to carry out a full investigation in relation to the transaction. The Competition Authority has until 6 June 2014 to make a final decision on the proposed transaction.

In early December following a special general meeting of Wexford Milk Producers (WMP) the shareholders approved the sale of Wexford Creamery Ltd to Glanbia Ingredients Ireland Limited (GIIL).